The usually reliable Altria Group Inc is off to a horrific start this year, with MO stock shedding 18%. It’s a far cry from last year’s exploits, when MO returned slightly more than 9% for shareholders. Even worse, since the start of the week beginning Apr. 16, Altria stock evaporated 10% market value. Shares remain mired in a bearish trend channel that began around late December of last year. Try as it might to break out, MO kept charting a series of lower highs and lower lows. For technical analysts, the recent break below $60 was highly discouraging. This level represents long-term support which goes back to summer 2016. In short, MO stock must regain its footing quickly due to the significant technical damage. Otherwise, the bears will become emboldened, potentially triggering a slide to $50, or worse. Source Stochastics are oversold, so we can expect some upside. $MO, Altria Group, Inc. / D